Bitcoin continues to break new highs, and it took less than a month to rise from US$20,000 to US$35,000. Although Ethereum has broken through more than US$1200, it is still close to the historical high of US$1422, which is a 40% increase. .
The concept of ETH2.0 continues to output and the value gradually shows, coupled with the promotion of the bull market, ETH is very easy to break through historical records and create new highs. And this breakthrough is likely to happen before the Spring Festival.
Real Vision founder Raoul Pal tweeted: ETH=BTC, this is all Metcalfe's law. He predicted that Ethereum will reach $20,000 in this cycle!
He explained this point on Twitter: Establishing a model of active Bitcoin addresses, prices, and market value found that the number of Bitcoin active addresses growth trend is very similar to the price and market value growth trends, and Ethereum also reflects this characteristic. But when both are in the position of 1 million active addresses, the market value of Ethereum is higher than that of Bitcoin.
He predicts that Ethereum will reach $20,000 in this cycle (it is exactly the same as the previous cycle of Bitcoin, and the market value of Ethereum is higher according to the market value), so in fact ETH=BTC, different assets, different ecosystems, the same The adoption of the same behavioral economics is ultimately equal to the same.
If you follow this rule and forecast, then ETH still has about 10 times the increase! In addition, mainstream currencies have not kept up with Bitcoin's growth. Therefore, when the high point of the bull market comes, the linkage of mainstream currencies may also bring unexpectedly higher returns.